Private Markets Fail to Reach a Socially Optimal Level When

question 123

Multiple Choice

Private markets fail to reach a socially optimal level when negative consumption externalities are present because:

• A)social costs equal private costs at the private market solution
• B)private value exceeds social value at the private market solution
• C)private value exceeds social costs at the private market solution
• D)consumption externalities lead to production externalities

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Definitions:

Black Power Movement

A political and social movement of the 1960s and 1970s advocating for the rights and empowerment of black people, emphasizing racial pride and self-sufficiency.

Elaine Brown

A prominent African American activist, writer, and singer, known for her role in the leadership of the Black Panther Party.

Angela Davis

An American political activist, scholar, and author known for her involvement in civil rights movements and advocacy for social justice.

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A genre of American film of the 1970s aimed at an African American audience, featuring African American actors in lead roles and often dealing with urban and racial challenges.